The U.S. government's Bitcoin holdings have escalated to an estimated $8.3 billion, outstripping corporate entities like MicroStrategy and even surpassing the reserves of other nations. This increase is largely due to the recent seizure of 70,000 Bitcoins from the Silk Road, adding to their already significant crypto assets.

This substantial Bitcoin reserve puts the U.S. government ahead of MicroStrategy, a major corporate crypto holder with 189,150 BTC, purchased for approximately $5.9 billion. The U.S. government's Bitcoin accumulation results from three major seizures between November 2020 and 2022, totaling 207,189 BTC. These seizures include assets from the Silk Road, hacker Jimmy Zhong, and those involved in the Bitfinex crypto exchange breach.

Despite holding this vast amount of Bitcoin, the U.S. government has sold less than 5% of its seized BTC. A notable sale occurred in February of the previous year, where 9,861 BTC, formerly owned by Silk Road, were sold on Coinbase for $215 million, averaging $21,800 per Bitcoin.

Plans to sell an additional 41,491 BTC from Silk Road, valued at $1 billion then and $1.8 billion now, are underway. The U.S. Department of Justice had reportedly moved 8,200 BTC to Coinbase in July of the previous year, but it remains unclear if these were sold.

The U.S. government's Bitcoin cache potentially ranks as the largest held by any government globally, even overshadowing the reserves of countries like El Salvador, Ukraine, Bhutan, Venezuela, and Finland combined. China, with its seizure of 195,000 BTC in 2020, could be a close rival if it has not liquidated its holdings.